I don't think he has to worry, as a 12% owner, and a director, he will probably be given performance shares and bonuses along the way, which will probably lower his average price down to about 50 cents, without him having to spend another cent.
These are the benefits of directorship, and of setting their own remuneration policy.
Gw
BIN Price at posting:
$1.48 Sentiment: None Disclosure: Held